Brazil: 2012 annual report on employment and formal economy published

Publication

18 October 2013 à 12h29

Reading time

3 minutes

Publication: 18 October 2013 à 12h29

Reading time: 3 minutes

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On Friday, October 11, the Ministry of Labor published its 2012 social information report (Rais), one of the “biggest sources of information on Brazil’s formal labor market.”  This article analyzes its key elements.  (Ref.  130633)
Publication

18 October 2013 à 12h29

Reading time

3 minutes

Publication: 18 October 2013 à 12h29

Reading time: 3 minutes

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Unemployment rate “historically low” in 2012 – 5.5 percent. Unemployment in Brazil amounted to 5.5 percent in 2012, the lowest rate in 1 years, according to the report published by the Ministry of Labor. 1.148 million jobs were created between December 2011 and December 2012. This 2.48 percent increase, compared with the record evolution of 2010 (+6.94 percent) “shows the loss of dynamics” of the country’s economy (0.9 percent GDP growth in 2012 as opposed to 2.7 percent the year before). U

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